Washington today is divided. One could say that many of our states are divided as well. With so many marquee issues on the line over the next few years — tax reform, healthcare, Social Security, Medicare — there is one …
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If you want a good history lesson, look no further than the Rust Belt. Beyond the relics of America’s industries are hardworking Americans serving as living reminders of the devastating consequences of what happens when cities and states close a …
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This week is National Retirement Planning Week. During this week, the financial services industry encourages Americans to focus on setting aside what they’ll ultimately need for a secure retirement. Unfortunately, many Americans will only be able to save for retirement …
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Pensions might look like a pot of gold to politicians right now, but they should go follow another rainbow if they want extra funds to pay state bills. Public pension funds need to stay right where they are.
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It’s no secret that there is a retirement savings crisis in the United States. Financial planners frequently warn that Americans are not saving enough for retirement. Stagnating wages and the gradual disappearance of pensions in the private sector make it …
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What happens when a state abandons its defined benefit pension for a riskier, 401(K)-style plan? Taxpayers lose – According to the National Institute on Retirement Security, “for a given level of retirement income, a typical 401(k) plan costs 91% more …
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